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Time of India
04-07-2025
- Entertainment
- Time of India
Wang Ning becomes China's youngest top billionaire as Labubu dolls go from blind box toys to global collectibles in celebrity circles
Wang Ning, the founder of Chinese toy company Pop Mart International Group, has entered the ranks of China's top billionaires following the global success of Labubu dolls. At 38, Wang is now the tenth richest individual in the country—and the youngest on the list—after his net worth surged from $7.59 billion to $22.7 billion in just one year, according to the Forbes Real-Time Billionaires List. The increase in Wang's fortune is tied directly to the growing international appeal of Labubu dolls, which are now being treated as collector's items and luxury art toys. Labubu dolls: From illustrated book to billion-dollar brand The Labubu characters were originally created in 2015 by Hong Kong-based artist Kasing Lung for his illustrated book series The Monsters. The dolls, known for their wide eyes, pointed ears, and mischievous grins, were inspired by Nordic fairy tales. Pop Mart introduced these figures to its popular 'blind box' format in 2023. The model—where customers don't know which toy they'll get until they open the box—proved especially popular among Gen Z and millennial shoppers. By 2024, Labubu dolls had become a major driver of Pop Mart's success, especially after celebrities such as BLACKPINK's Lisa, Kim Kardashian, Dua Lipa, Rihanna, and Bollywood's Ananya Panday were seen with them. Pop Mart's strategy turns collectibles into global craze Pop Mart capitalized on the trend by expanding the Labubu product line, offering hundreds of variants in different sizes—from small keychains to life-sized plush versions. The wide availability and constant new designs helped keep interest high. The toy's popularity evolved further in June 2024, when a human-sized Labubu was auctioned in Beijing for 1.08 million yuan (approximately $150,275). It was the first auction dedicated to a single Pop Mart toy, marking its transition from viral hit to collectible art. Wang Ning's rise and Pop Mart's market impact Founded in 2010, Pop Mart's unique blend of art, mystery packaging, and pop culture strategy has now made Wang Ning one of the most influential figures in China's consumer goods industry. The combination of youth appeal, celebrity endorsements, and blind box excitement continues to fuel both Pop Mart's sales and Wang's wealth. The company shows no signs of slowing down, with Labubu remaining its strongest franchise to date.
India.com
03-07-2025
- Entertainment
- India.com
Rs 95200000 in a minute..., This is how the Labubu doll owner Wang Ning earns per minute, He's now one of China's top..., his net worth is Rs...
Wang Ning, the 38-year-old founder of toy company Pop Mart, has become one of the youngest billionaires in China. His company is best known for creating Labubu, a small, mischievous-looking toy that has taken the world by storm. What began as a simple drawing turned into a global trend when Pop Mart turned the character into a blind-box toy, a kind of surprise toy where buyers do not know what they'll get until they open it. People quickly fell in love with Labubu, and soon it became a pop culture sensation. Thanks to Labubu's huge success, Wang Ning's wealth shot up in just one year. According to the Forbes Real-Time Billionaires List, his net worth jumped from USD 7.59 billion in 2024 to USD 22.1 billion in June 2025. He's now one of China's top 10 richest people, joining names like the founders of Tencent and ByteDance. The success of the Labubu doll Labubu's popularity is not limited to China. The toy has fans across Asia, Europe, and the U.S., with collectors willing to spend big money on it. In one recent example, a life-sized Labubu figure was sold at a Beijing auction for 1.08 million Yuan (about Rs. 1.2 crore or USD 150,000). The massive success of the Labubu doll has pushed Wang Ning into the spotlight as China's 10th richest person and the youngest among the country's top billionaires. He now shares space with well-known names like TikTok founder Zhang Yiming, Xiaomi's Lei Jun, and Nongfu Spring's Zhong Shanshan. Here's how much labubu doll owner earn in a day Wang Ning earns Rs. 137000000000 in a day Rs. 68570000000 in 12 hours Rs. 5710000000 in 1 hour Rs. 2850000000 in 30 minutes Rs. 95200000 in a minute Rs. 1587000 in second Labubu dolls based on which character? Labubu dolls are soft toys and collectible figurines based on a character from the book series The Monsters, created by Hong Kong-born artist Kasing Lung. The character is inspired by Nordic fairy tales, is a small elf-like creature with a toothy grin that fans find adorable and quirky. The doll's popularity saw massive ou after Lisa from K-pop group Blackpink was spotted holding one. Soon, celebrities like Kim Kardashian, Rihanna, and Dua Lipa also joined in, making Labubu a global fashion and collector trend. Whenever Pop Mart releases a new Labubu design, fans rush to buy it—often selling out within minutes. While regular Labubu figures cost around USD 30 (about Rs. 2,500), rare or limited edition versions sell for much more. In one case, a life-sized Labubu was sold at a Beijing auction for USD 150,000 (roughly Rs. 1.28 crore). Labubu fever grew so intense that even a bank in China tried to attract new customers by offering a free Labubu doll to anyone who opened an account and deposited more than 50,000 yuan. However, this marketing trick was quickly blocked by regulators.
Indian Express
02-07-2025
- Entertainment
- Indian Express
How Labubu dolls turned CEO Wang Ning into China's youngest billionaire with a net worth of $22 billion
What began as a whimsical sketch in an artist's notebook has transformed into a global collectible sensation, catapulting Pop Mart CEO Wang Ning into the ranks of China's wealthiest individuals. The designer toy Labubu — a quirky, wide-eyed character with pointed ears — has become a cultural phenomenon, driving a massive surge in Pop Mart's growth and Wang's fortune. Labubu was originally created by Hong Kong-based artist Kasing Lung as part of his illustrated series 'The Monsters'. The character first appeared in Lung's book in 2015, but it wasn't until 2023 that it was introduced to the commercial market through Pop Mart's popular blind-box format. The toy's rise to global fame gained momentum in 2024, when K-pop star Lisa from Blackpink publicly expressed her love for Labubu. Lisa was also spotted with a Labubu doll. In a Vanity Fair interview, Lisa said, 'If I fly to New York, I go to Miami, I try to find Pop Mart there. Paris, everywhere. Kind of like finding treasure.' Lisa's endorsement sparked a wave of international interest, and soon celebrities like Kim Kardashian, Rihanna, and Dua Lipa were also seen with the collectible, boosting its appeal worldwide. Labubu dolls have has since evolved from a novelty into a major revenue generator. According to Emily Brough, head of licensing for Pop Mart North America, the toy generated over $419 million in 2024 alone — a 726 per cent year-on-year increase. Its popularity has extended to the collector's market, with a life-sized Labubu doll fetching 1.08 million Yuan (approximately $150,275) at a Beijing auction. Pop Mart's blind-box strategy—where customers don't know which version of the toy they'll receive—has been key to Labubu's appeal. The surprise element has resonated with both casual buyers and serious collectors, contributing significantly to the brand's explosive success. Wang Ning, the 38-year-old founder, chairman, and CEO of Pop Mart, has seen his net worth surge from $7.59 billion at the end of 2024 to $22.1 billion by June 2025, according to the Forbes Real-Time Billionaires List. This leap has made him the youngest billionaire among China's top ten richest individuals. A graduate in advertising from Zhengzhou University, Wang founded Pop Mart in 2010, initially selling comics and mobile accessories. The company pivoted in 2016 with the success of the Molly doll series, laying the foundation for Labubu's eventual breakout.
NDTV
01-07-2025
- Entertainment
- NDTV
Labubu Doll Makes Creator Wang Ning China's 10th Richest Billionaire, Know His Net Worth
Did you know Labubu dolls began as a simple doodle in Hong Kong-born artist Kasing Lung's sketchbook? What started as a sketch soon exploded into a global pop culture phenomenon after the character was brought to life by Wang Ning's company, Pop Mart. The quirky, mischievous-looking doll was a cute blind-box toy that quickly evolved into a cultural craze, making Wang Ning the youngest billionaire in China's top 10, and his fortune has skyrocketed in just a year. The 38-year-old's net worth quadrupled from 7.59 billion dollars in 2024 to 22.1 billion in June 2025, according to Forbes Real-Time Billionaires List. View this post on Instagram A post shared by POP MART (@popmart) The Labubu fever has swept Asia, Europe, and the U.S., with people spending a fortune on a single doll. Not long ago, the human-sized version of this toothy monster figurine was sold for a whopping 1.08 million Yuan ($150,275.51), which was valued at more than ₹1.2 crores by a Beijing auction house. The popularity of the doll has made Wang the 10th richest man in China and the youngest member of the country's wealthiest, which includes TikTok founder Zhang Yiming, CEO of Xiaomi Lei Jun, founder of Nongfu Spring, Zhong Shansha, and more. Labubu dolls are plush toys and figurines based on a character from the book series The Monsters created by Hong Kong-born artist Kasing Lung. Inspired by Nordic fairy tales, the tiny elf creature's popularity surged when Lisa from the K-pop girl group Blackpink was seen with one. What followed was a frenzy of celebrities flaunting the doll, including Kim Kardashian, Rihanna, Dua Lipa, and more.
Time of India
24-06-2025
- Business
- Time of India
Gautam Adani's net worth: Inside India's second-richest man's massive empire as he plans to spend $20 billion in five years
Gautam Adani addressed the Adani Group's AGM, highlighting India's resilience amid global challenges. His net worth has rebounded to $63.1 billion, ranking him 25th globally after a challenging period following allegations from Hindenburg Research. The group's market value recovered significantly after India's Supreme Court ruled in its favor, boosting investor confidence. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Adani Group 's Annual General Meeting (AGM) for FY26 began on Tuesday, with chairman Gautam Adani commenting on India's resilience amid ongoing global conflicts, bribery allegations, and key updates across the conglomerate's businesses, including its energy, airport, and other Gautam Adani has been ranked the 25th richest person in the world, according to the latest Forbes Real-Time Billionaires List. As of now, his net worth stands at $63.1 billion, a significant recovery from the lows seen in early the chairman of the Ahmedabad-headquartered Adani Group, oversees a vast empire with interests spanning ports, airports, power generation and transmission, and green energy. The group began as a commodities trading firm in 1988 and has grown into one of India's most influential conglomerates, often seen as aligned with Prime Minister Narendra Modi's infrastructure billionaire's financial standing suffered a major blow in January 2023 after US-based Hindenburg Research accused the Adani Group of stock manipulation and accounting fraud. While the group denied any wrongdoing, the fallout led to a sharp fall in the value of its listed the tide turned a year later when India's Supreme Court ruled in favor of the Adani Group, effectively clearing the way for renewed investor confidence. Since then, the group's market value has rebounded significantly, contributing to Gautam Adani's climb back into the top 30 richest people is currently India's largest airport operator and controls Mundra Port , the country's biggest commercial port located in Gujarat. His infrastructure expansion continues to attract both global investment and regulatory volatility, Gautam Adani remains a central figure in India's economic landscape, and his net worth trajectory reflects both the ambition and fragility of rapid industrial growth in emerging markets.
